Cost of capital

| December 10, 2015

AFN Equation: Broussard Skateboard%u2019s sales are expected to increase by 15% from $8 million at the end of 2012. Brassard is already at full capacity, so it assets must grow at the same rate as projected sales. At the end of 2012, current liabilities were $1.4 million, consisting of $450,00 of account payable, $500,000 of notes payable, and $450,000 of accruals. The after-tax profit margin is forecast to be 6%, and the forecasted payout ratio is 40%. Use the AFN equation to forecast Brossard%u2019s additional funds needed for the coming year?

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capital budgeting

Category: Finance

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